Keyword
fraud
New discount proposed for claimants who use insurers’ accredited body shops
March 13, 2018 Greg Meckbach, Associate EditorIn the wake of an undercover investigation that allegedly caught collision repair centres deliberately damaging vehicles, Aviva Canada is pushing for discounts for vehicle owners who agree to use an insurer’s accredited body shop. Such a discount would require a…
Fraud survey reveals Canadians’ fears about safety of personal information
March 7, 2018 by Jason ContantNearly four in 10 (39%) of Canadians fear that their personal information has been compromised. The annual fraud survey, released on Wednesday, was commissioned by the Chartered Professional Accountants of Canada and conducted last month. Three-quarters (76%) of 1,000 Canadians…
Some Assembly Required
February 27, 2018 David Gambrill, Editor-in-ChiefAuto lines across Canada are in dire need of repair right now. In a fairly benign year, with virtually no major catastrophe events, the Canadian property and casualty industry still came dangerously close to losing money, posting a relatively disappointing…
Ontario PC leadership hopeful slams Liberals for delaying auto fraud office
February 21, 2018 by Greg MeckbachOntario PC leadership candidate Caroline Mulroney promises to do “more than just talk” about cracking down on insurance fraud if she becomes premier of Ontario this June. Ontario Liberal Finance Minister Charles Sousa announced this past December the provincial government…
Fraud Squad
February 8, 2018 Kim Donaldson, Vice-President, Ontario Region, Insurance Bureau of CanadaOntario wants to stamp out auto insurance fraud by creating a dedicated team of fraud prosecutors. Here’s what P&C insurers think of the plan…
Top 5 auto frauds in Manitoba last year
January 12, 2018 by Jason ContantManitoba Public Insurance (MPI) has released its top five frauds of 2017. The annual list is selected by reviewing a number of factors, including “sheer uniqueness of the fraud, financial savings for MPI and investigative excellence in unearthing the fraud.”…
Tool can help insurers ensure document authenticity
December 20, 2017 Jason Contant, Online EditorAn Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance…
Ontario targets auto fraud with new prosecutors’ team
December 5, 2017 Greg Meckbach, Associate EditorAuto insurance fraudsters are the target of a team of new and dedicated prosecutors and investigators announced by the Ontario government Wednesday. The province said it plans to set up in the spring of 2018 what it calls the Serious…
Are your clients covered for social engineering fraud?
November 27, 2017 Greg Meckbach, Associate EditorBrokers should not assume that a client who has bought a cyber or crime policy is covered for the risk of innocent employees who are duped into making fraudulent money transfers. ‘Social engineering fraud’ is a broad term describing scams…
Why an insurer invites mandatory fraud reporting
November 23, 2017 Greg Meckbach, Associate EditorInsurers in Canada should have no choice but to report to fraud to law enforcement and to industry peers, be it is claims for healthcare services that were not provided or bills for repairs that were never done, an Aviva…
Fraudulent e-mail a ‘real big deal’ in cyber risk
November 16, 2017 Greg Meckbach, Associate EditorThere is plenty of competition in the cyber insurance market but placing a cyber product suitable for a client “can be a challenge” because different insurers offer different products, the author of a recent report suggested Thursday. International Risk Management…
Cybercriminals capitalizing on blockchain popularity to create fraud schemes: Kaspersky
November 6, 2017 by Canadian UnderwriterCybercriminals are capitalizing on the popularity of blockchain technology by circulating cryptocurrency-themed fraud schemes, according to cybersecurity company Kaspersky Lab’s Spam and Phishing in Q3 2017 report. “While cryptocurrency holders search for new investment opportunities and bitcoin enthusiasts look to…